How We Can Achieve Your Goals
The cost of post-secondary education for a child born in 2013 could rise to more than $140,000. Some reports even indicate that the cost of education is increasing at three times the rate of inflation! Are you prepared for the ever-increasing cost of education? You will be with a Registered Education Savings Plan from Global.
The Basic Canada Education Savings Grant will give you 20% on every dollar of the first $2,500 you save in your child’s RESP each year.
Children born on or after January 1, 2004, can be eligible for the CLB. The CLB consists of a $500 lump sum, plus an additional $100 per year until the child turns 15 years old for a lifetime maximum of $2,000*.
Depending on your net family income, you could receive an extra 10% or 20% on every dollar of the first $500 you save in your child’s RESP each year.